BORIMEX: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
BORIMEX
Largest movements
- Receivables within one year -€34,379
down €34,379 (-9.6%), from €358,326 to €323,947
of which Trade receivables: -€35,775
- Deferred charges and accrued income +€30,945
up €30,945 (+1004.9%), from €3,079 to €34,024
- Tangible fixed assets +€9,237
up €9,237 (+15.2%), from €60,586 to €69,823
- Reserves -€45,000
down €45,000 (-28.7%), from €157,020 to €112,020
- Other debts +€42,883
up €42,883 (+351.4%), from €12,204 to €55,087
- Profit (loss) carried forward -€20,744
down €20,744, from €15,474 to -€5,271
- Debts after one year +€9,342
new in 2025: €9,342
- Gross operating margin -€69,142
down €69,142 (-41.1%), from €168,053 to €98,911
- Taxes -€18,672
down €18,672 (-96.5%), from €19,353 to €681
- Staff costs +€10,811
up €10,811 (+16.0%), from €67,700 to €78,511
- Financial charges -€7,461
down €7,461 (-34.5%), from €21,618 to €14,157
- Depreciation +€6,188
up €6,188 (+25.2%), from €24,507 to €30,695
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €813,584 | €810,790 | -€2,794 | -0.3% |
| Fixed assets | 21/28 | €60,586 | €69,823 | +€9,237 | +15.2% |
| Tangible fixed assets | 22/27 | €60,586 | €69,823 | +€9,237 | +15.2% |
| Furniture and vehicles | 24 | €60,586 | €69,823 | +€9,237 | +15.2% |
| Current assets | 29/58 | €752,998 | €740,967 | -€12,031 | -1.6% |
| Stocks and contracts in progress | 3 | €299,668 | €296,760 | -€2,908 | -1.0% |
| Stocks | 30/36 | €299,668 | €296,760 | -€2,908 | -1.0% |
| Amounts receivable within one year | 40/41 | €358,326 | €323,947 | -€34,379 | -9.6% |
| Trade receivables | 40 | €343,654 | €307,879 | -€35,775 | -10.4% |
| Other amounts receivable | 41 | €14,673 | €16,069 | +€1,396 | +9.5% |
| Cash at bank and in hand | 54/58 | €91,924 | €86,235 | -€5,688 | -6.2% |
| Deferred charges and accrued income | 490/1 | €3,079 | €34,024 | +€30,945 | +1004.9% |
| Total equity and liabilities | 10/49 | €813,584 | €810,790 | -€2,794 | -0.3% |
| Equity | 10/15 | €464,994 | €399,250 | -€65,744 | -14.1% |
| Contributions | 10/11 | €292,500 | €292,500 | = | 0.0% |
| Reserves | 13 | €157,020 | €112,020 | -€45,000 | -28.7% |
| Distributable reserves | 133 | €157,020 | €112,020 | -€45,000 | -28.7% |
| Profit (loss) carried forward | 14 | €15,474 | -€5,271 | -€20,744 | |
| Amounts payable | 17/49 | €348,589 | €411,540 | +€62,950 | +18.1% |
| Amounts payable after more than one year | 17 | - | €9,342 | +€9,342 | |
| Financial debts | 170/4 | - | €9,342 | +€9,342 | |
| Amounts payable within one year | 42/48 | €348,589 | €402,151 | +€53,562 | +15.4% |
| Current portion of amounts payable after more than one year | 42 | €11,839 | €13,305 | +€1,465 | +12.4% |
| Trade debts | 44 | €291,566 | €299,179 | +€7,613 | +2.6% |
| Suppliers | 440/4 | €291,566 | €299,179 | +€7,613 | +2.6% |
| Taxes, remuneration and social security | 45 | €32,980 | €34,581 | +€1,601 | +4.9% |
| Taxes | 450/3 | €20,825 | €24,499 | +€3,674 | +17.6% |
| Remuneration and social security | 454/9 | €12,155 | €10,082 | -€2,073 | -17.1% |
| Other amounts payable | 47/48 | €12,204 | €55,087 | +€42,883 | +351.4% |
| Accrued charges and deferred income | 492/3 | - | €47 | +€47 | |
| Remuneration, social security and pensions | 62 | €67,700 | €78,511 | +€10,811 | +16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,507 | €30,695 | +€6,188 | +25.2% |
| Other operating charges | 640/8 | €1,703 | €1,256 | -€447 | -26.2% |
| Non-recurring operating charges | 66A | - | €0 | +€0 | |
| Gross operating margin | 9900 | €168,053 | €98,911 | -€69,142 | -41.1% |
| Operating profit (loss) | 9901 | €74,144 | -€11,550 | -€85,694 | |
| Financial income | 75/76B | €5,107 | €5,644 | +€536 | +10.5% |
| Recurring financial income | 75 | €5,107 | €5,644 | +€536 | +10.5% |
| Financial charges | 65/66B | €21,618 | €14,157 | -€7,461 | -34.5% |
| Recurring financial charges | 65 | €21,618 | €14,157 | -€7,461 | -34.5% |
| Profit (loss) for the period before taxes | 9903 | €57,633 | -€20,064 | -€77,697 | |
| Income taxes | 67/77 | €19,353 | €681 | -€18,672 | -96.5% |
| Profit (loss) for the period | 9904 | €38,280 | -€20,744 | -€59,024 | |
| Profit (loss) for the period to be appropriated | 9905 | €38,280 | -€20,744 | -€59,024 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.